Newrez Tees Off New Partnership with Rising Golf Star and U.S. Air Force Veteran Kyle Westmoreland

Rhea-AI Summary

Newrez LLC has announced its first professional golf partnership with Kyle Westmoreland, a U.S. Air Force veteran. Westmoreland will display the Newrez logo on his golf attire while competing on the Korn Ferry Tour. This partnership reflects Newrez's commitment to supporting military members and veterans. The company is actively involved in various initiatives including military lending education and community investment programs. Westmoreland aims to promote a positive impact through golf, participating in several Korn Ferry Tour events this summer.

Positive

• Partnership with Kyle Westmoreland enhances brand visibility in professional sports.
• Commitment to supporting military members aligns with Newrez's corporate values.
• Participation in Korn Ferry Tour events provides marketing and promotional opportunities.

Negative

• None.

FORT WASHINGTON, Pa.--(BUSINESS WIRE)-- Newrez LLC (“Newrez”, the “Company”), the national mortgage lending and servicing organization, proudly announced today its first professional golf partnership with rising golf star and U.S. Air Force veteran Kyle Westmoreland.

Newrez’s partnership with Westmoreland signifies the Company’s first sponsorship deal with a professional athlete. Westmoreland will proudly sport the Newrez logo on the chest of his golf apparel while playing on the Korn Ferry Tour, though the partnership in fact goes far beyond cross-promotion. While Westmoreland’s talent as a rising star certainly piqued sponsorship interest from Newrez, it was Westmoreland’s commitment and service to his country that solidified the Company’s decision to pursue the partnership.

“To have an extremely talented professional athlete and decorated U.S. Air Force veteran like Kyle represent Newrez is an incredible honor,” said Baron Silverstein, President of Newrez. “As a Company, we consider this partnership a hole-in-one and eagerly await the new opportunities that this partnership will create for Newrez to further its commitment to supporting our nation’s brave military service members and veterans in new ways.”

Newrez, as a national lender and servicer, is committed to supporting veterans and active military members through various avenues including career recruitment efforts, employee resource groups, military lending education and VA loan offerings as well as pillar of the Company’s giveback initiatives through Newrez NOW, its employee-driven community investment program.

“We could not be happier to be part of the Newrez team. Their dedication to serving both military and civilians falls perfectly in line with what we are trying to accomplish through the game of golf,” said Westmoreland. “Golf is great but positively impacting the lives of others means so much more. Thank you, now let’s take this partnership to the PGA TOUR!”

During his collegiate golf career at the U.S. Air Force Academy, Westmoreland won four college tournaments, earned All-Honors and was named the U.S. Air Force Academy’s Male Athlete of the Year in 2014. Before pursuing his professional golf career, Westmoreland fulfilled his five-year military service commitment.

After five years of active duty serving as a U.S Air Force captain, Westmoreland hit the green professionally, making history as the first U.S. Air Force Academy graduate to qualify for the U.S. Open in 2021. After advancing through the Korn Ferry Tour Qualifying School on his first try, he joined the Korn Ferry Tour full time in 2022.

Westmoreland is set to represent Newrez in several upcoming Korn Ferry Tour events this summer, including the BMW Charity Pro-Am (June 9-12), Wichita Open (June 16-19), Live and Work in Maine Open (June 23-26) and TPC Colorado Championship at Heron Lakes (June 30-July 3).

To learn more about Newrez’s dedication to making homeownership affordable and meeting the specific mortgage needs of military members, veterans and their families, visit https://www.newrez.com/types-of-mortgages/va-loans/.

About Newrez
Newrez is a leading mortgage company that combines mortgage origination and servicing to provide a customer-first journey and help our customers make smart moves throughout the lifetime of their mortgage loans. Differentiated by its origination platform, the Company provides customers with unparalleled lending options to purchase and refinance. Its servicing business services loans on behalf of Newrez customers and includes third-party servicing brand, Shellpoint Mortgage Servicing. Founded in 2008, Newrez is headquartered in Fort Washington, Pennsylvania and is a member of the New Residential Investment Corp. family.

The information contained on, or accessible through, any websites included in this press release is not incorporated by reference into, and should not be considered a part of, this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005991/en/

PUBLIC RELATIONS:

Mackenzie Coopman

PublicRelations@Newrez.com

Source: Newrez LLC

FAQ

What is the significance of Newrez's partnership with Kyle Westmoreland?

The partnership marks Newrez's first sponsorship deal with a professional athlete and highlights its commitment to supporting military service members.

Where will Kyle Westmoreland represent Newrez?

Westmoreland will wear the Newrez logo while competing on the Korn Ferry Tour.

What initiatives does Newrez support for military members?

Newrez supports military members through lending education, recruitment efforts, and community investment programs.

Which Korn Ferry Tour events is Westmoreland participating in?

Westmoreland is set to compete in events like the BMW Charity Pro-Am, Wichita Open, Live and Work in Maine Open, and TPC Colorado Championship.

How does Newrez plan to benefit from the partnership?

The partnership aims to increase brand awareness and create new opportunities to support military service members and veterans.